Has Jerome Powell Lost His Relevance?!
Portfolio Pulse from Thrash Capital
Nvidia (NASDAQ:NVDA) beat their earnings by 24% and up over 100% from a year ago, but closed almost flat from its close the day before its earnings report. The markets (NASDAQ:QQQ) rallied but then fell over 2%. Federal Chair Jerome Powell's speech at Jackson Hole did not bring any new insights, leading to a sharp drop in the markets. However, the upcoming week is filled with economic data-driven events which might provide a chance for bulls to turn things around.
August 29, 2023 | 3:55 pm
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NEUTRAL IMPACT
Nvidia beat their earnings by 24% and up over 100% from a year ago, but closed almost flat from its close the day before its earnings report.
Despite beating their earnings, Nvidia's stock price did not see a significant increase. This could be due to market factors or investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The markets rallied but then fell over 2% after Federal Chair Jerome Powell's speech at Jackson Hole.
The markets initially rallied but then fell after Powell's speech. This could be due to investor sentiment or market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100